TFG announces change of auditor with immediate effect

9 October 2017

JSE-listed TFG (The Foschini Group) has, with immediate effect, appointed Deloitte & Touche as its auditing firm after terminating its relationship with KPMG Inc.

“We have initiated this change in response to governance concerns raised at KPMG Inc,” says TFG CEO Doug Murray.

“TFG remains committed to the highest standards of corporate governance, and to our role as a leading investor in growing the local manufacturing industry and the economy as a whole in South Africa.”

Murray says that this decision is in line with TFG’s recently announced commitment to the #BusinessBelieves project, an initiative of Business Leadership South Africa (BLSA).

Issued by TFG, 9 October 2017